Clover Health Investments, CorpClose $4.10EOD only
Max Pain
$4.00
Next expiry Aug 21, 2026
Expected Move
±$0.14
3.5% from close
Price Gap
-0.10
Distance to max pain
IV Rank
40
Middle-high premium
P/C OI
0.36
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Aug 20, 2026 close
End-of-day snapshot
This page reflects CLOV options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 20, 2026 close
Max Pain — CLOV
Data as of market close Aug 20, 2026
Nearest listed expiration 2026-08-21 shows max pain at $4.00 (0.10 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$4.00
Nearest expiry
Expected Move
±$0.14
±3.5%
Days to Expiry
1
Calendar days
Total Call OI
58,479
Nearest expiry
Total Put OI
19,379
Nearest expiry
P/C OI Ratio
0.33
Put-heavy
Spot Price
$4.10
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-08-07
$4.50
8/7/2026, 11:07:52 PM
2026-08-14
$4.50
8/14/2026, 11:11:30 PM
2026-08-21NextUpdated
$4.00
8/20/2026, 11:07:33 PM
2026-08-28
$4.50
8/20/2026, 11:07:33 PM
2026-09-04
$4.50
8/20/2026, 11:07:33 PM
2026-09-11
$4.50
8/20/2026, 11:07:33 PM
2026-09-18
$4.50
8/20/2026, 11:07:33 PM
2026-09-25
$5.00
8/20/2026, 11:07:33 PM
2026-10-02
$1.00
8/20/2026, 11:07:33 PM
2026-11-20
$4.00
8/20/2026, 11:07:33 PM
2027-01-15
$3.00
8/20/2026, 11:07:33 PM
2027-02-19
$4.50
8/20/2026, 11:07:33 PM
Selected expiration: 2026-08-21 at max pain $4.00.
CLOV pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
0.5
0
6231950
6231950
1
15950
5263450
5279400
1.5
41100
4300500
4341600
2
77500
3386550
3464050
2.5
184400
2521900
2706300
3
370500
1719100
2089600
3.5
727550
995400
1722950
4
1219350
355550
1574900
4.5
2033850
54500
2088350
5
3488600
25700
3514300
5.5
5607350
18550
5625900
6
7991000
14650
8005650
6.5
10416450
11300
10427750
7
12855700
8350
12864050
7.5
15468750
5700
15474450
8
18083000
3250
18086250
8.5
21006900
2000
21008900
9
23930800
950
23931750
9.5
26854750
0
26854750
How to Read Max Pain
Compare pin-risk and strike-pressure across expirations from the latest published close.
What max pain measures
Max pain is the strike where option holders would collectively lose the most at expiration, based on open interest across the listed chain.
How traders use it
It is most useful as a possible pinning zone, especially when spot is already trading near a crowded strike into expiration.
What can break it
Strong directional flows, news, or fast spot moves can overwhelm any pinning tendency, so max pain should support a thesis rather than drive it alone.
The closer you are to expiration, the more useful this becomes as context and the less useful it is as a standalone prediction.